3 Wages Labor Disputes

The total amount of money earned in a year

The prevailing pay scale for work performed in an occupation in a given area or region

The amount of money saved after expenses

The average cost of living in a region

Basic education and manual skills

Higher investment in education and training

Highest level of knowledge-based education and managerial skills

No formal education

Wages are determined by the government.

Wages are determined by the worker's experience.

Wages are determined by the supply and demand for a worker's skills and services.

Wages are determined by the worker's education level.

High wages for roofers.

Low wages for roofers.

No change in wages for roofers.

Roofers would be unemployed.

Wage rate that leaves a surplus of workers in the market

Wage rate that leaves a shortage of workers in the market

Wage rate that leaves neither a surplus nor a shortage of workers in the market

Wage rate determined by government policies

Due to their high skill levels

Because of family ties or political influence

Due to their long working hours

Because of their educational qualifications

The impact of technology on wage rates

The influence of organized labor's bargaining strength on wage rates

The effect of education on wage rates

The role of government policies in determining wage rates

Because the firms want to attract more workers

Because the firms would not be able to afford work interruptions in case of a threatened strike

Because the firms are required by law to pay higher wages

Because the firms have excess profits to distribute

Because the college graduate has more work experience.

Because the college graduate has a higher level of education.

Because the high school graduate has better business skills.

Because the high school graduate has more practical experience.